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The European Parliament issued the brief Reforming the structure of the EU banking sector. The report is structured as follows: background, issue, commission proposal, international context and stakeholder views.
As part of major reforms of the financial markets, the European Commission has launched a structural reform of the banking sector.
In particular, this will ban Europe's largest banks from carrying out risky proprietary trading activities, and empower national banking supervisory authorities with the ability to carry out systematic reviews of banking activities.
The Commission's proposal has divided stakeholders' opinion with the financial sector fiercely opposing it, while consumer groups and financial watch dogs consider the measures are not strong enough.
A few Member States have already undertaken reforms of their banking sectors, raising questions of conformity with the Single Market under the new proposed rules.